CubeSmart (CUBE) PT Raised to $51 at Stifel

June 18, 2021 6:38 AM EDT
Get Alerts CUBE Hot Sheet
Price: $50.22 --0%

Rating Summary:
    7 Buy, 8 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 44
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Stifel analyst Stephen Manaker raised the price target on CubeSmart (NYSE: CUBE) to $51.00 (from $48.00) while maintaining a Buy rating.

The analyst commented, "We are increasing our earnings estimates for CUBE and the rest of our self-storage coverage universe. We put out an industry note (Self-Storage REITs - Raising Estimates On Strong Operating Environment) that explains why we are increasing earnings and our thoughts about the current self-storage environment. Details for the model changes for CUBE are below. In addition, we are increasing our target price to $51/share, based on a 25.5x multiple on our 2022 FFO estimate."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Stifel, Earnings